TheSignalyst

US30 - Wait For The Trigger!

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
Hello everyone, if you like the idea, do not forget to support with a like and follow.

US30 is sitting around its ATH so we will be looking for sell setups on lower timeframes.

on M30: US30 formed a valid double top pattern but it is not ready to go yet.

Before we sell, we want the bears to prove control.

Trigger => Waiting for a momentum candle close below the neckline in gray to sell.

Until the sell is activated, US30 would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

alright this is perfect thank you
+2 Reply
@ProjectSyndicate thank you brother
Reply
crap, it went up
+1 Reply
Excellent breakdown, well done.
+1 Reply
@financialflagship thanks dear Alex
Reply
Great Setup, thanks for sharing 🦐
+1 Reply
@Helical_Trades thank you Helical for the support
Reply
Good job 👍, thanks for sharing 😊
+1 Reply
@T_V_TreeTrader my pleasure dear
Reply
My technical analysis shows that you are correct!
Well done
+1 Reply